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AGM Information • Jun 3, 2015

NMG: Summary of the Annual General Meeting in Nickel Mountain Group AB conducted today in Stockholm

NMG: Summary of the Annual General Meeting in Nickel Mountain Group AB conducted today in Stockholm

The Annual General Meeting ("AGM") in Nickel Mountain Group AB ("NMG") was today

held in Stockholm. The agenda contained the compulsory items plus a proposal to

change name of the company and to amend the articles of association. Lastly, a

mandate for the Board of Directors to decide on new share issues was approved

The AGM first adopted the income statements and balance sheets of the parent

company and of the group. The Board's proposal not to distribute any dividends

was approved. The Board of Directors and management were discharged from

liability.

The current Board of Directors composed of three ordinary members proposed by

the Company's Nomination Committee for re-election was re-appointed. The Board

directors elected are Martin Nes (Chairman) and Jan Frode Andersen as well as

Per Dalemo (ordinary board members).

It was resolved that the remuneration to the board directors would remain

unchanged as compared to 2014, namely the Chairman would be paid 250,000 SEK and

each of the other two Board directors would receive 150,000 SEK.

PricewaterhouseCoopers AB with responsible main auditor Johan Palmgren were re

-elected as auditors by the Annual General Meeting.  The shareholders approved

to remunerate the auditors on current account for reasonable and approved

invoices.

The Annual General Meeting further approved of the instructions for the new

Nomination Committee. The same was the case in terms of the proposed "Guidelines

for remuneration to the Managing Director and other Senior Executives".

Further, the present shareholders approved of the proposal by the Board to amend

the articles of association so that the Company may in the future also engage in

other business activities than just exploration and production of minerals. It

was underlined that no concrete proposals exist, but that such amendment would

be important for the shareholder value in the company. Also, the present

shareholders approved of changing the media channel for announcing notices of

shareholder meetings to the daily newspaper "Svenska Dagbladet".

In this context it was also approved to change the company name to "New Mountain

Group". The name change is expected to get formally registered with the Swedish

Companies Registrar ("Bolagsverket") relatively soon, and when so happens the

effected name change will get subject to a press release.

Lastly, the present shareholders approved of a proposal to renew the mandate for

the Board of Directors to decide on issues of shares or other similar financial

instruments with or without observing the shareholders' preferential rights in

accordance with the proposal to the meeting. In short, the conditions are that

the board may resolve on issues of shares, warrants or convertible debt

instruments corresponding to a maximum dilution of 50% of the shares and votes

of the company post such issue (equal to not more than 90,809,360 new

shares).This mandate will be valid to next Annual General Meeting in 2016.

Apart from this management gave a short presentation of the status of the

Rönnbäcken Nickel project in North of Sweden and other ongoing matters in the

company.

At the AGM there were 41,799,467 shares present and voting representing some 46

per cent of all shares and votes outstanding.

For and on behalf of the Board of Directors of Nickel Mountain Group AB

Torbjörn Ranta

Managing Director

For information, please contact:

Torbjörn Ranta

Managing Director

Tel: +46 8 402 28 00

Mobile: +46 708 855504

E-mail: torbjorn.ranta@nickelmountain.se

Nickel Mountain Group AB (publ) is a Swedish company headquartered in Stockholm.

The Company's shares are listed on the Oslo Stock Exchange (ticker: NMG). Please

refer to www.nickelmountain.se for more detailed information.

Cautionary Statement: Statements and assumptions made in this document with

respect to Nickel Mountain Group AB's ("NMG") current plans, estimates,

strategies and beliefs, and other statements that are not historical facts, are

forward-looking statements about the future performance of NMG. Forward-looking

statements include, but are not limited to, those using words such as "may",

"might", "seeks", "expects", "anticipates", "estimates", "believes", "projects",

"plans", strategy", "forecast" and similar expressions. These statements reflect

management's expectations and assumptions in light of currently available

information. They are subject to a number of risks and uncertainties, including,

but not limited to, (i) changes in the economic, regulatory and political

environments in the countries where NMG operates; (ii) changes relating to the

geological information available in respect of the various projects undertaken;

(iii) NMG's continued ability to secure enough financing to carry on its

operations as a going concern; (iv) the success of its potential joint ventures

and alliances, if any; (v) metal prices, particularly as regards nickel. In the

light of the many risks and uncertainties surrounding any mineral project at an

early stage of its development, the actual results could differ materially from

those presented and forecast in this document. NMG assumes no unconditional

obligation to immediately update any such statements and/or forecasts.

The vision of Nickel Mountain Group AB is to be an explorer and miner recognized

for our attractive assets and ability to effectively run projects from

exploration to commercialization, leaving a lasting footprint within the regions

we operate through investments, community engagement and transfer of expertise.